key west: Architectural Icon - 1415 Alberta Street - Key West - 08/07/08 10:20 AM
The French Polynesian style home at 1415 Alberta Street in Key West's tony Casa Marina area was just listed for sale at $1,275,000 or only $504 per sq ft. The property was built in 1963 and it was featured in Architectural Digest in 1968. To read the article and view … (0 comments)
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key west: 707 Washington -- Key West -- Short Sale - 08/04/08 12:28 PM
Just Listed: 707 Washington Street Key West, Florida. This great two home property is a legal duplex but it is actually two separate houses on the same lot and it is located on one of the best locations in the Casa Marina area.
This property was constructed in 2004. I … (0 comments)
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key west: 3533 Flagler Avenue Key West Florida - 08/03/08 11:39 AM
Bank Owned house at 3533 Flagler Avenue in Key West, Florida is begging for a buyer. This 1950's vintage house has 4 bedrooms, 3 baths, a new kitchen, a separate laundry room, an enclosed backyard with a nifty pool, and balcony off the master bedroom overlooking the pool. The house … (0 comments)
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key west: July Sales in Key West - 08/02/08 11:33 AM
Some Realtors think we are at or near the bottom of the real estate market. I'm not so sure about that myself. I watch the new foreclosure filings every few days, and they are not stopping. Maybe there are not as many filings nor are they as fast as before. … (0 comments)
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key west: 8 Passover Lane Old Town Key West, Fl - 07/31/08 12:56 PM
I have often written about the virtues of living life on one of the slow lanes of Key West. Well, 8 Passover Lane is about the slowest of the slow lanes as possible. It is so slow that it is really just walkway about 6' wide that provides access to … (0 comments)
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key west: Mad Men and Key West Real Estate - 07/30/08 04:42 PM
I discovered Mad Men a couple of weeks ago. It is an AMC Cable TV series that is executive produced by Scott Hornbacher (The Sopranos). The first season of Mad Men takes place in the year 1960, and you can watch every episode if you have On Demand on your … (1 comments)
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key west: Sink or Swim -- Key West Real Estate - 07/29/08 10:15 AM
Two sales went through the mls yesterday that give us some insight into how the Key West real estate market is fairing these days.
Sale No. 1 was a bank foreclosure of a single family home at 1116 Eaton Street in Old Town. I showed the house about 5 weeks … (0 comments)
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key west: Shipyard Units -- Key West - 07/25/08 03:40 PM
The Shipyard Condominiums in Truman Annex have become favorite entry level properties for second home purchasers in Key West.
Although the units were almost identical when constructed in the early 1990s, many have been remodeled or updated to accommodate usage as vacation rentals. (Photos to the right are of unit … (0 comments)
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key west: 623 Grinnell St. Old Town Key West, Fl - 07/24/08 01:08 PM
Just Listed: 623 Grinnell Street, Old Town, Key West, Florida. Absolutely charming historic home on a quiet street in the heart of old town. Original details throughout. High ceilings, 3 generous bedrooms including downstairs master. Off Street parking for 2 vehicles in tandem, wonderful porches and covered outside living area. … (0 comments)
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key west: Dream Fulfillment in Key West - 07/21/08 02:36 PM
Some people vacation in Key West year after year. They dream of buying a second home that they can rent as a transition to living in Key West as a full time resident.
The recent downturn in the real estate market has made achieving that dream more affordable and attainable. … (0 comments)
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key west: Finnegan's Wake -- 320 Grinnell St Key West, Fl - 07/18/08 02:39 PM
Want to have a party every night? Want to own a Key West Landmark? You can do both. Just Listed: Finnegan's Wake at 320 Grinnell Street, Old Town, Key West.
This bar and restaurant is a locals hangout and a tourist draw. It is located a stone's throw from the … (0 comments)
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key west: Fear Factor -- Key West Reality - 07/17/08 04:24 PM
It seems like Déjà vu all over again. Back in the 1970's we were in a war that would not end, President Nixon had been deposed, the American automobile industry was reeling, gas prices were making us change our driving habits and lifestyles, the stock market was in turmoil, President … (1 comments)
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key west: 31 Seaside South Ct - Key West -- Ocean View - 07/15/08 11:25 AM
31 Seaside South Ct is a beautifully decorated home with stunning views of the Atlantic Ocean. Ideally located in a secluded quiet location at Seaside Key West Residences this luxurious 3 level home includes many amenities. A few of the features of this home include designer decor, multiple outdoor spaces, … (0 comments)
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key west: What Happens When a Bank Fails -- My Experience - 07/14/08 10:37 AM
I have two sets of personal experiences dealing with bank failures. I thought my experiences might prove somewhat helpful in understanding the closure of Indymac Bank and the theoretical possibility of more closures in the near term.
In the late 1980's I managed the Special Assets Department of a national … (5 comments)
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key west: Key West on National Open House - 07/10/08 10:09 AM
Announcement from the Key West Association of Realtors
Key West will be featured in HGTV’s popular television series “National Open House”. Hosted by local real estate Broker, Rudy Molinet, the show compares homes in Key West with those in Las Vegas and Virginia Beach. The show features local homeowners showing … (3 comments)
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key west: 1211Catherine Street Key West Bank Owned Home - 07/07/08 09:04 AM
Behind the once carefully manicured ficus hedge at 1211 Catherine Street sits a hidden 1930's vintage home with great potential. The 3 bedroom 2 bath home totals 1463 sq ft. The living room has really interesting architectural features including original hardwood floors and elegant windows. CLICK HERE to see the … (1 comments)
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key west: Fixers - Key West - 07/06/08 03:53 PM
I don't get enough of real estate working it full time almost every day of the week. No, I gotta watch those stupid "reality" TV shows like Flip That House and Property Ladder. My favorite is Flipping Out on BRAVO. I was showing a $3.4 million house last Saturday when … (0 comments)
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key west: Single Family Homes in Key West under $500,000 - 07/05/08 10:05 AM
I just went through the Key West Association of Realtors mls database and created a list of select single family homes under $500,000. There were a total of 67 such properties, but our system will not allow me to generate a report with that many listings. CLICK HERE to see … (0 comments)
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key west: 405 Willaim St. Old Town Key West, Fl - 06/24/08 09:57 AM
405 William Street is located on one of the very best blocks in Old Town Key West. Some of the most historic and architecturally significant homes are located on this block. And this home is one for the books.
405 William Street is a two story renovated duplex. That will … (0 comments)
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key west: Flipping Out - 06/19/08 10:33 AM
You can learn a lot from smart people. They usually don't do dumb things. They usually are successful on the things they do in life. Jeff Lewis and his business partner, Ryan Brown, are very smart people. Jeff is a little eccentric. Correction: he's Flippin' Out! He's the lead in … (0 comments)
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key west: 1601 Patricia Street Key West, Florida - 06/16/08 11:26 AM
1601 Patricia Street is located on the east end of the Casa Marina area near the beaches. This 1721` sq ft remodeled ranch 3 bedroom two bath home was recently reduced from $1,195,000 to $1,095,00 or $636 per sq ft. Spanish tile throughout, new bathrooms, new kitchen and tropical landscaping … (0 comments)
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key west: Bank Owned Properties in Key West - 06/13/08 03:20 PM
Every week or so the Key West Association of Realtors conducts a Realtor's Caravan to show new listings to local realtors. The purpose is to let listing realtors show their new listings to fellow agents and to solicit comments and opinions regarding the property and the asking price. Nine houses … (0 comments)
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key west: Ouch! - 06/09/08 10:57 AM
I was at the gym this morning listening to the talking heads on Good Morning America banter about the price of oil and how it is affecting our entire economy. I think we are all keenly aware that everything has gone up in price. And for food stuffs that have … (1 comments)
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key west: 3 Pinder Lane -- Life in the Slow Lane -- Key West - 06/06/08 12:14 PM
It doesn't get any more Key Westie than this! 3 Pinder Lane is the quintessential Key West Cottage that is the guest cottage of the larger property next door at 4 Pinder Lane. (CLICK HERE for more information and photos on 4 Pinder Lane offered at $2,495,000. The combined properties … (2 comments)
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key west: What Is Happening Here? Ain't Exactly Clear! - 06/05/08 12:43 PM
I don't know if it is a coincidence or a confluence of events, but there is something going on in our little real estate market in Key West.
In the past week we had two sales close on big houses on Sunset Key (the little island just off Mallory Square … (0 comments)
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key west: Bottom Feeders -- The New Key West Big Fish - 06/02/08 04:11 AM
There's a bit of a debate going on right now in Key West about how well or how poorly the real estate market is doing. Just to set the record straight, I'm not a cheerleader for the Key West Association of Realtors or the Chamber of Commerce. I don't have any … (0 comments)
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key west: Compound Investment -- Key West - 05/30/08 10:45 AM
Price Reduced $800,000 today. Was $1,995,000. Now asking $1,195,000. This is what you get at 610 Petronia Street in Old Town Key West: Four individual cottages fully equipped. Total of 4 bedrooms and 4 baths with total square footage under air of 3468 sq. ft. that sits on a very … (1 comments)
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key west: Key West Writer's Compound Cottages For Sale -- Historic Property - 05/29/08 09:32 AM
Just Listed: two individual properties classified as "condos" that are actually stand alone cottages in the Windsor Lane Compound which was established in 1976. The assortment of restored shacks, shanties, and cottages, were once winter homes for writers such as Pulitzer Prize–winning poet Richard Wilbur, poet, lecturer and "Divine Comedy" … (0 comments)
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key west: Who Do You Trust? - 05/27/08 10:00 AM
Buying a house or a second home is usually the biggest (or second biggest) purchase that most people make in their lives. Some people act out of impulse and make emotional decisions. Others are fanatical in their investigation of the property and the calculus of the deal.
I have become … (0 comments)
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key west: 408 Grinnell St. Old Town Key West Half-Price Sale - 05/21/08 09:07 AM
Everybody wants a deal. This is a really Big Deal. 408 Grinnell Street is brand new construction -not a renovation! The 3 bed/4 bath home is a GE Smart Home with all the extras -9 and 10 foot ceilings - coffered & cathedral, reclaimed heart pine floors and walls, 10'' … (13 comments)
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key west: 518 William Street Old Town Key West - 05/12/08 10:40 AM
So many people want to buy a cute little house on a great block in the heart of Old Town. But when the chance arises, most shy away. Right now many fear that we have not seen the bottom of the market so they think they will wait it out … (2 comments)
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key west: 728 Love Lane Old Town Key West - 05/09/08 10:10 AM
The charming home at 728 Love Lane in Key West is located down a quiet lane in the heart of Old Town and is an exceptional 3 bedroom, 3 bath home. The location is an easy stroll to the center of Duval Street. This residence is a must see for … (0 comments)
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key west: 730 Passover Lane -- Affordable & Adorable! - 05/05/08 10:06 AM
This little charmer at 730 Passover Lane sits directly across the street from the Key West Cemetery. The home has been on the market for some time and the price has been periodically reduced from $795,000 to $499,000. That's right, $499,000. Now it is officially affordable as well as adorable. … (0 comments)
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key west: April 2008 Real Estate Sales Report for Key West - 05/02/08 10:31 AM
There were 23 single family homes that sold in April 2008 for a total of $16,442,000. The one an only short sale was at 1119 Oliva Street that I reported earlier this week. But there were three bank foreclosures that sold. All three sold for about one half of the … (1 comments)
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key west: 8 Passover Lane Old Town Key West, Fl - 04/28/08 10:12 AM
I have often written about the virtues of living life on one of the slow lanes of Key West. Well, 8 Passover Lane is about the slowest of the slow lanes as possible. It is so slow that it is really just walkway about 6' wide that provides access to … (1 comments)
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key west: High Anxiety? -- 701 Elizabeth St. Key West - 04/23/08 12:43 PM
In my March 1st blog called "Season's Beatings" I said "Most of the sales that have occurred [recently] are a result price reduction. There is still a hesitance by many buyers who think the market will fall further, especially after Season ends. I agree. But bargain hunters may miss getting … (3 comments)
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key west: 823 Johnson Lane Key West - 04/20/08 06:16 AM
It is really unfortunate that it is coming to this. Good people with dreams of making something nice and creating a future for themselves are seeing those dreams being dashed through no fault of their own. The sad fact is that now even homes in the Old Town area have … (1 comments)
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key west: Key West Real Estate Q & A - 04/19/08 11:35 AM
I have been getting e-mails and phone calls regarding some pretty basic real estate issues in Key West. So I thought I would start a Q & A thread.
Explain the difference between Transient Rental and Vacation Rental The City of Key West has an ordinance that prohibits homeowners (and … (1 comments)
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key west: Just Listed: 916 Fleming Street Old Town Key West - 04/17/08 09:16 AM
Just Listed: 916 Fleming Street, Old Town, Key West, Florida. No it is not my listing. But if you have the glue, you need to checkout this stunning new addition to one of the best streets in Key West.
Two years ago a friend who owned the house next door … (0 comments)
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key west: Million Dollar Short Sales -- Key West - 04/14/08 11:31 AM
There are currently 222 Key West single family homes priced at $1,000,000 or more. Six of those properties are shown as either potential Short Sales or Bank Foreclosures. CLICK HERE to checkout each of the properties.
I have written about a few of the properties previously. I think there are … (3 comments)
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key west: $3 Million Bathtub - 04/12/08 02:52 PM
(Carnac holds the sealed envelope up to his turban)
CARNAC: Three Million Dollar Bathtub.
ED McMAHON: Three Million Dollar Bathtub.
(Carnac rips the envelope open and removes the card)
CARNAC (reading): What your friends call your private town home pool.
The other day someone asked me what I thought about … (0 comments)
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key west: Classic Key West Cottage -- Short Sale - 04/09/08 11:44 AM
The Classic Key West Cottage located at 926 Southard Street was justed reduced in price to $535,000 and may now become a Short Sale. A Short Sale occurs when the contract price agreed upon between the buyer and seller is less than the amount owed to a lender, and the … (1 comments)
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key west: The Greed Factor - 04/03/08 11:44 AM
When I was growing up it was expected that you would pay your bills. If you wanted something and couldn't afford it, you either didn't get it or you saved to buy it.
I remember my mother going to department stores and making payments on something called "Lay Away". I … (7 comments)
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key west: BIG Short Sale - 709 Bakers Lane - 04/01/08 09:51 AM
One of my favorite properties just became a real bargain. No hyperbole. Like Jack Webb (Joe Friday) used to say "Just the facts!"
709 Bakers Lane sits on Solares Hill at just about the highest point on the Island of Key West. It was renovated to sell at $2.8 million. … (0 comments)
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key west: Scream -- Not the Movie - 03/30/08 06:57 AM
I received an email on Friday. I'll let you read it.
Hi Garry,
I just wanted to let you know that also because of your blog, our short
emailconversation and your analysis of the current properties that are on
the market, I fall in love with XXX XXXXXXX, came over, … (4 comments)
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